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- UAE's real estate sector will witness robust growth
UAE's real estate sector will witness robust growth in 2023.
– Аccording to the forecast by the consulting company, JLL. The UAE has witnessed strong momentum in Q4 2022, signaling a steady growth pipeline in 2023. Planned handovers in 2023: Dubai – 41,000 residential units Abu Dhabi – 6,000 residential units
Abu Dhabi luxury property prices increased in 2022.
Аccording to a report by property portals, Bayut and Dubizzle, compared to 2021, prices per m² on Saadiyat Island:
- Villas rose by 12.7%
- Apartments rose by 13.2%
Last year, Aldar Properties' project with global hotel brand Nobu Hospitality was announced on Saadiyat Island.
Azizi Developments announced the 58% completion of Park Avenue I in Dubai.
MBR City The project features 372 residences, 29 retail units, pools and gyms. Earlier it was reported that the developer will invest $5.4 billion in a project in Dubai South.
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